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. will this break the log jam though? let's bring in abc's jon karl for the latest. from the capitol at this moment. >> reporter: the house just approved john boehner's bill to raise the debt ceiling. it was a narrow party line vote. he won only after giving into the demands of a handful of conservatives who forced him to make changes that assured the bill's defeat in the senate. for speaker boehner, a painful victory. >> i stuck my neck out a mile to try to get an agreement with the president of the united states. i stuck my neck out a mile. a lot of people can never say yes. this house has acted. it is time for the administration and time for our colleagues across the aisle, put something on the table. tell us where you are. >> reporter: he never got that agreement with the president and instead had to put pressure on tea partiers to support his bill. hours of meetings all over the capitol to tell them to get your ass in line. late last night, one of them emerged shaken but not budging. >> how much pressure on you to change your mind on that? >> i am very pleasantly surprised that they are not tw
before midnight. jon karl is watching it all from capitol hill. the speaker says he'll try again today. >> reporter: he will. but, george, this debt ceiling crisis has become a political crisis for republicans. boehner's going to convene all 240 house republicans this morning to make 1 final push for it. but the reason he pulled the bill last night is he just couldn't get enough republicans to pass his own bill. republican leaders worked late into the night, trying to get the votes to pass their own debt ceiling bill. reporters swarmed around utah republican jason chaffetz as he emerged from a tense meeting in speaker boehner's office. he told us he's still not sure. how much pressure is there on you to change your mind on this? >> i'm very plenty surprised that they are not twisting and ripping arms off. >> reporter: the speaker said he can't do his job if you guys aren't there to support him. >> i am fully supportive of the speaker. >> reporter: this is his most important vote yet as speaker. >> i just can't support his bill. but i do support the speaker. >> reporter: but for speaker
. tea party republicans who have been blocking action. will it work? abc's jon karl on capitol hill tonight. tell us about it, jon. >> reporter: diane, this is john boehner's biggest test as speaker of the house. he's got to convince those tea party republicans to support his plan to raise the debt ceiling. john boehner is cracking the whip. he convened a meeting of all 240 house republicans today. sources who were there tell abc he had a blunt message for tea partiers. "get your ass in line," he said. "i can't do this job unless you are behind me." that's the kind of talk that gets you guys in line? >> we are a team. we are about trying to move the country toward. >> reporter: the tough talk does appear to be working. but it's not an easy sell. some of the tea partiers still just don't believe those dire warnings about government default. >> armageddodomidnight, august 3 is not simply the case. it is not true. >> reporter: just yesterday, vin mccarthy, the third ranking republican in the house, urged republicans to unite behind boehner's plan by showing this clip from the movie "th
jon karl who's been all over this story from the jump. jon, we've got the boehner plan and the reid plan. everybody in washington knows neither of these things can pass, so what, if anything, is being done right now to craft some sort of compromise? >> reporter: well, there are, as you heard jim mention, quiet negotiations going on between harry reid and mitch mcconnell. trying to find middle ground. mitch mcconnell has been on the phone several times, a many told, with vice president biden over the last several days. they are trying to find one last-ditch effort to get what everybody knows needs to happen, dan, and that is something that has bipartisan support. i got to tell you, though, the atmosphere is so poisoned here, the question is, once they get that agreement, can they pass it? >> well, let me pick up on that because there's been so much tough talk, even some trash talk, i wonder if there is another wiggle room rhetorically for r e hard-liners on either side to back down. >> reporter: well, i think there -- maybe not the hard-liners, but i think there actually is wiggle ro
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are saying it can be done. failure to do it would lead to economic meltdown. >> jon, thank you very much. joining me to discuss the road ahead is the white house chief of staff bill daley. thank you very much for joining us. you've heard what jon said. you've seen what speaker boehner has done last night. what's your reaction to the deal being pulled right now? >> it's very unfortunate the speaker made the comments he has. the president is committtt to solving this deficit possible for the future of america. he's looking forward to the meeting to play out his case. he's saying, it is time now to make the tough decisions. in this town, generally they kick the can. nobody wants to do the tough things. he's committed to do that. he's not giving up on trying to bring economic sanity to the city and that's his goal. >> is he still committed to the mega-deal, so to speak? because this is what is floated in the last several days that speaker boehner said no longer possible. will the president continue to push for that? >> the president believes it is time to solve this problem. time to give con
security check riding on the outcome. abc's jon karl joins us now, from washington, with the latest. what about it? how close are we finally to a deal? >> reporter: getting close to a deal with the house speaker, john boehner. the outlines of this deal include up to $3 trillion in spending cuts over the next ten years including some cuts to popular entitlement programs like medicare and social security. also, elizabeth, it would include a promise or a commitment that congress would bring more money in through tax revenues by reforming the code, closing some of those loopholes. that's something that congress would act on over this last year. >> that last one, isn't that disguise? a tax increase in >> reporter: well, certainly some will call it that. the rates won't go up. congress would have to act over the next year. if they didn't ago, automatic steps would be taken that both sides wouldn't like which would be tax hikes and spending cuts. possibly, elizabeth, they're talking about repealing part of the health care bill. >> even if president obama and speaker boehner reach a deal they hav
markets. let's get a reality check from abc's countdown team. jake tapper at the white house. jon karl on capitol hill. bianna golodryga from the new york stock exchange. looking at the asian and european markets overnight, there seems to be concern but not panic yet, bianna. >> reporter: that's right. wall street seems to be patient with washington. markets opening blower. just about 130 points lower. not the knee jerk reaction that people were fearful of. things are still at an impasse. even though the markets aren't selling off, people are concerned about what's still on the table a credit downgrade. the s&p says the u.s. could lose its aaa ratings in the next three months. that would mean that interest rates go higher. it would be more difficult for people to get a loan out there. and it could be a big burden for this economy, as we're just starting to recover. george? >> jon, they had been hoping on capitol hill to come up with some sort of deal before the markets opened today. that has not happened. it seems, the only thing that everyone seems to be accepting th
later today. abc's jon karl is covering it from capitol hill. jon, we are seeing fire from the house speaker. >> reporter: we sure are. this vote today on his debt ceiling plan is the highest-stakes vote of his term as speaker of the house. and he is doing everything he can to get those tea partyers in line. john boehner is now demanding republicans stand with their party. in a closed-door meeting, he had a stern message for tea partiers who just don't like his debt ceiling plan. boehner told them get your ass in line, sources at the meeting tell abc news. this comes a day after another republican leader attempted to rally the troops with a clip from the movie "the town." >> i need your help. i can't tell you what it is. you can never ask me about it later. and we're going to hurt some people. >> which car are we going to take? >> reporter: allen west liked what he heard. >> i told him i would drive the car. >> they could have used "rudy," "hoosiers," "band of brothers." but this was the choice that they made. >> t ts is a movie. this is not reality. so, get a li
. i want to bring in our capitol hill correspondent jon karl right now. we'll hear from speaker boehner in just a minute and the speaker has already made it clear he can't sign on to the president's grand compromise that would include some tax revenue increases, but now what he is nonowilling to do, the p plan h called for today, is extend th debt limit beyond about six months. >> reporter: that's right, and this comes, george, as the speaker is increasingly confident that he has the votes to pass his plan in the house and, in fact, they believe that will put pressure on the senate to bring it up, so you are right now at a point where the republicans feel maybe for the first time in a while on this that they haha the upper hand here, that they can get through the plan, their r version of th plan, and it would require the president to come back for another debt ceiling early next year. >> the president clearly hoping that by going to the public he'll be able to put pressure on those rubs, but is there a chance it could backfire and unify those house republicans? >> reporter: you'
and social security in return for republicans accepting major changes in the tax code. abc's jon karl joins us from washington. all talks secret up until now. what more do we know about what president obama and the speaker of the house have been discussing? >> reporter: we know they're talking about a big deal here, george. as you mentioned, this would mean that the president would go along with reductions in spending to social security and medicare. most likely cost of living increases going down. and in exchange, republicans would accept some increase in tax revenues as part of an overhaul of the tax code. as one top administration told me, we need to do something unthinkable on entitlements. they need to do something unthinkable on taxes. >> unthinkable may be the word. these talks have been going on between the president and speaker boehner. but there hasn't been a lot of discussion among the wider conferences in the house and the senate democrats and republicans. and i guess the big question coming out of today's meeting, when other leaders find out about it, is it something they can w
and there is still no agreement on what to do. sounds like a broken record. >> absolutely. as abc's jon karl reports it's not just democrats versus republicans, it's republicans versus republicans. >> reporter: john boehner is cracking the whip. he convened a meeting of all 240 house republicans today. sources who were there tell abc he had a blunt message for tea partyers. get your ass in line, he said, i can't do this job unless you are behind me. >> get you guys in line? >> we are a team, we are about trying to move the country forward. >> reporter: the tough talk does appear to be working. but it's not an easy sell. some of the tea partyers still just don't believe those dire warnings about government default. >> armageddon happens at midnight, august 3, is not the case, it is not true. >> reporter: kevin mccarthy, the third ranking republican in the house, urged republicans to unite behind boehner's plan by showing this clip from "the town." >> i need your help. i can't tell you what it is, you can never ask me about it later, we're going to hurt some people. >> which car we going to take? >> r
said absolutely no benefit cuts. >> that's right. he stressed that several times. jon karl, thanks very much. we return now to our regular program. diane sawyer will have a full wrap-up on "world news." thanks for joining us. have a good day. >>> thank you for starting with the workweek with us. catch diane tonight. bye-bye now. údúdúdúdúdúdúdúdúdúdúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúú naturals from purina cat chow. delicious, real ing
Search Results 0 to 12 of about 13